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    Free Tool

    Loan Comparison Tool

    Compare up to 3 business loan offers side-by-side to find the best deal on monthly payment, total cost, and APR.

    Loan A

    Monthly Payment

    US$2,027.64

    Total InterestUS$21,658
    Origination FeeUS$2,000
    Total CostUS$123,658
    Effective Cost Rate4.73%/yr

    Loan B

    Monthly Payment

    US$2,536.26

    Total InterestUS$21,740
    Origination FeeUS$1,000
    Total CostUS$122,740
    Effective Cost Rate5.69%/yr

    Loan C

    Best

    Monthly Payment

    US$1,657.29

    Total InterestUS$19,325
    Origination FeeUS$3,000
    Total CostUS$122,325
    Effective Cost Rate3.72%/yr

    Saves US$1,334 vs most expensive

    Methodology

    Each calculator uses the inputs on the page and standard commercial formulas. Change the inputs to match a written offer rather than an advertised headline rate.

    • Apply For Financing does not lend and does not use these results to make a credit decision.
    • Partner offers can include fees, residuals or remittance structures that a simple model misses.

    When a tool accepts a fee input, the fee is added to cash cost and is not silently folded into the interest rate. Formula reviewed 2026-08-28.

    Frequently Asked Questions

    Focus on total cost (not just monthly payment), effective interest rate, origination fees, prepayment penalties, and repayment flexibility. A loan with a lower monthly payment but longer term often costs more overall.

    An origination fee is a charge a financing provider may apply for arranging or processing financing. The amount and treatment vary: it may be deducted from proceeds, added to the balance or paid separately. Use the written offer when comparing total cost.

    Not necessarily. A lower monthly payment often means a longer term, which can result in significantly more total interest paid. Compare the total cost of each loan over its full term to make the best financial decision.

    Related financing guides

    Use these guides to understand the assumptions and financing choices behind the numbers.

    How to Get a Business Line of CreditBusiness Line of Credit vs Loan

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    Submitting our initial form does not itself run a credit check or guarantee an offer. A third-party financing partner controls eligibility and terms.

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